The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

The Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.

Conference on Open Market Operations and the Financial Markets, cosponsored by the Société Universitaire Européenne de Recherches Financières (SUERF) and the Bank of Finland, Helsinki, Finland, September23

Conference cosponsored by the Journal of International Money and Finance, the FrankJ.Petrilli Center for Research in International Finance at Fordham University, and the Trans-Atlantic Finance Institute, SanJuan, PuertoRico, March17

"Global Issues Affecting International Business"

American Institute of Certified Public Accountants convention, NewYorkCity, October27

Erica Groshen "The Interaction of Labor Markets and Inflation: Analysis of Micro Data from the International Wage Flexibility Project," with WilliamDickens, LorenzGoette, SteinarHolden, JulianMessina, MarkSchweitzer, JarkkoTurunen, and MelanieWard

NBER conference, Cambridge, Massachusetts, November5

Erica Groshen and Simon Potter "Was the 2001 Recession Different in the Labor Market? Comparing Measures," with RebeccaSela

Conference cosponsored by the American Economic Association and the Allied Social Science Association, Philadelphia, Pennsylvania, January18

New School University Department of Economics seminar, NewYorkCity, November10

"Vertical Contracts as a Source of Incomplete Cross-Border Transmission: The Case of Autos," with Sofia Berto Villas-Boas

Workshop on Globalization and Contracts, cosponsored by the Centre for Economic Policy Research and the Department and Laboratory of Theoretical and Applied Economics at the Ecole Normale Supérieure, Paris, France, April28

Bart Hobijn and Andrea Tambalotti "Menu Costs at Work: Restaurant Prices and the Introduction of the Euro," with Federico Ravenna

Centre for Economic Policy Research and Central Bank of Cyprus European Summer Symposium in International Macroeconomics, Limassol, Cyprus, May28

"Shocks, Reforms, and Monetary Rules: A Scenario Analysis forJapan"

Eighteenth Annual Trio Conference supported by the NBER, the Tokyo Center for EconomicResearch, the CEPR, and the Center for International Research on the Japanese Economy, held at the University of Tokyo, Tokyo, Japan, December10

"The Simple Geometry of Transmission and Stabilization in Closed and Open Economies," with GiancarloCorsetti